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Tech had a pretty good day. Tesla shares finished the day more than 15% above where they started on news the company will roll out its advanced driver assistance tech in China. Mega-cap stablemate Apple also helped lift the S&P 500 as Citi confirmed the stock would keep a “Buy” rating ahead of May 2 earnings report.
But it wasn’t all smiles and sunshine – the bullish intraday moves were almost spoiled at around 3 PM by the release of the Treasury’s Quarterly Refunding reports, which sparked a fit of bearishness.
And that’s just Monday…
The week promises to be very eventful indeed – some of the biggest companies on the S&P 500, like Apple and Amazon, will report earnings this week. The Fed will meet this week, too, which could inject some fear and doubt into a rally that’s trying hard to get in gear.
Here’s what else is out there for us…
